Phil Ivey declared on Labor Day that he would be playing much more online in the coming weeks so that he can get back into a groove. Well, Phil Ivey definitely appears to have his groove back, as he is currently up over $1.2 million dollars in just two days (September 1st and 2nd) on Full Tilt Poker this month. According to HighstakesDB.com, the exact total profit is $1,214,513.50.

Not a bad haul for just 2,633 hands of play. That means that Ivey has made over $460 for each hand that he has played this month.

On September 1st, Ivey made over $500k, with most of this profit coming from the high-stakes Omaha Hi/Lo tables. Ivey had a battle with "durrrr" in the "Ivey Thunderdome", and ended up leaving the table with a stack of over $400k when all was said and done. However, he ended up $91k on the day in Pot Limit Omaha, and banked the rest of his money playing Omaha Hi/Lo.

Tuesday was a different story. All of Ivey's eye-popping $706k profit came from the high-stakes PLO tables. He actually made over $785k on Tuesday playing Pot Limit Omaha, and gave back a bit playing some of the other games. Ivey's $785k Pot Limit Omaha profit on Tuesday came from just 937 hands, which works out to a profit of $838 for each hand that he played. A total of eight players lost over six figures playing PLO on Tuesday - they included "durrrr" (-355k), Gus Hansen (-273k) and "Urindanger" (-231k).

Ivey clearly wants to be on his "A" game in time for the $25k Heads-Up Pot Limit Omaha tournament that is taking place on Full Tilt this weekend. There are currently 38 players signed up for this event, including the likes of Patrik Antonius, Phil "OMGClayAiken" Galfond and Richard Ashby (an excellent PLO player). Whoever ends up winning this event will certainly deserve it, as the field is stacked with great Pot Limit Omaha players.

With his recent two-day haul, Phil Ivey is now the biggest winner on Full Tilt in 2008. He has made a total of $3.388 million dollars, which is approximately $200k ahead of the second most profitable player, David Benyamine. Phil "OMGClayAiken" Galfond is in a distant third, with a total profit of $2.433 million dollars.

If Ivey continues to log some decent hours on the site, then we should have some great high-stakes cash game action in the coming weeks and months ahead.